It is pretty safe to assume that most people in today’s time own a credit card. Credit cards are excellent sources of currency that can earn you tons of rewards. Not only do certain credit cards building your credit score, but you can turn some of those reward points into travel miles. If you love to travel then this is something that you are probably excited to hear about.
If you don’t currently have a credit card and want to travel then this will certainly be something that you will want to look in to. So, how exactly does one go about converting his or her credit card points into airline miles which they can later sell?
Types Of Reward Cards
This very first thing that you need to know is that things can get quite complicated when it comes to credit card reward points. There are a number of card providers available and they all work a little differently in terms of travel rewards. Some will provide you with statement credits for travel expenses while others will allow you to book travel using their point system. Some providers will even feed frequent flyer miles directly into your accounts. In addition to this, you should be aware of the fact that many credit card providers all offer sign-up bonuses. In order to learn about a specific point system, you really need to understand how your card provider works.
When it comes to airline cards like American Express Delta SkyMiles or Chase Southwest Rapid Rewards things are fairly straightforward. However, there is one downside to these cards and that is that they tend to offer the fewest redemption options. These types of cards will also be co-branded, as you can probably tell by the names. When you purchase items with these cards, you will earn miles in that airline’s frequent flyer program. Unfortunately, these miles cannot be transferred to another airline’s program. However, you can use these miles to book flights on partner airlines.
Travel Reimbursement Cards
Travel reimbursement cards like Barclay card Arrival Plus and Capital One Venture Rewards Credit Cards offer much more flexibility. However, with these types of cards, you probably won’t have access to the best deals. You will have plenty of flexibility, but the deals will be limited. To transfer your points all you have to do is go online, log into your account, and you will be presented with a platform that allows you to receive statement credits for just about any travel expense imaginable. You can even book flights on any airline.
Bank Travel Cards
There are even a few major credit cards providers out there that have their very own reward programs that cover certain travel expenses. Some of the best-known providers are Chase Ultimate Rewards, American Express Membership Reward Points, and Citi ThankYou Points.
With these cards, you need to keep in mind that you will probably only be able to transfer the points to the airline that the provider is partnered with. Due to this fact it will be extremely important to make sure the card provider is partnered with your preferred airline before signing up for the card.
Transferring Points To Airline
If you want to transfer those accrued points into points, you usually have to log into your credit card account online. For instance, if you wanted to transfer your American Express points into Delta travel miles, you would have to access the American Express official website, log into your account, and visit the rewards section of the site.
From this point, you will probably see something that says transfer points or manage points. You may also be required to enter in some other information like your frequent flyer number, so make sure you have all the required information ahead of time.